VN, India talk measures to achieve 7 bln USD trade target

A Vietnam-India workshop took place in Hanoi on Nov. 7 to promote
economic cooperation and investment between the two countries towards
the goal of 7 billion USD in two-way trade by 2015.

Themed “India Calling 2011”, the workshop was co-organised by the
Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the
Ministry of Industry and Trade (MoIT) and the Indian Embassy in
Vietnam .

Speaking at the workshop, MoIT Deputy
Minister Le Duong Quang affirmed that Vietnam wants to promote
multifaceted cooperation with India , which is one of the 10 largest
trade partners of Vietnam .

He pledged Vietnam
will facilitate Indian enterprises’ business and investment in Vietnam
in the fields of finance, energy, education, construction,
hi-technology, machine and equipment.

Indian
Ambassador Ranjit Rae stressed that India considers Vietnam as a
special partner, because of the country’s strong potential and
attraction.

India will create favourable conditions
for Vietnamese businesses to invest in India, especially in
infrastructure, construction, Ranjit Rae affirmed, adding the 7 billion
USD target is within reach when the India-ASEAN agreement on free trade
of goods takes effect.

In the first ten months
of this year, the export-import turnover between Vietnam and India
reached nearly 3 billion USD, up 40 percent over the same period last
year./.